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Siemens is betting big on Iran’s railways

Siemens, the German technology and engineering firm, announced that it will be investing and working with Iran’s railway network operator Islamic Republic of Iran Railways (IRIR or RAI), and from May 14-18 has begun listing adverts in many of Iran’s daily newspapers in both Persian and English to highlight its partnership with the rail network.

When sanctions started being removed on the Islamic Republic in January, Siemens was one of the first Western companies to rush into the country to sign several memoranda of understanding in power generation, infrastructure, technology and other sectors.

Siemens has made a point of highlighting this in the local media, pointing also to their highly sought-after spot in Tehran’s permanent exhibition centre this week at the Iran Railway Exhibition Expo, where it is highlighting its latest technology that it will be introducing to Iran.

Siemens has been pushing its Velaro high-speed train, one of the fastest trains in the world, according to the company. The train is expected to reach speeds of 360 km/h at full speed. “Iran is a mature market in terms of rail, and the country’s demographic change is fueling an increasing need for fast, reliable and safe rail networks to support mobilit and industrialization,” Dr Mohsen Nayebzadeh, CEO of Siemens in Iran, said in a statement to Iran’s energy news agency Shana.

“Our extensive portfolio addresses all the requirements of Iran’s future transport network with technology for urban, fast intercity and freight rail. We are committed to advancing society and making a positive difference to the lives of people in Iran, using innovation, local knowledge and global ingenuity to develop a diverse, fast, modern, efficient and reliable rail network,” he said.

The company has been pushing its railway system as one of the biggest prizes on offer for Iran post-sanctions. And Iran has been crying out for a railways upgrade since the 1980s, when the country’s population went from 40mn before the revolution to over 79mn today.

By bne IntelliNews May 17, 2016

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